Utah files felony gambling case against Kalshi, Mansour and Lopes Lara

Kalshi was charged Wednesday by Utah with 13 felonies and one misdemeanor in a case naming co-founders Tarek Mansour and Luana Lopes Lara as co-defendants. Prosecutors said the prediction market promoted illegal online gambling after an undercover state agent placed 12 sports bets on it. Prosecutors list 12 wagers from Salt Lake and Davis counties Attorney General Derek Brown filed the case on Oct. 28 in Salt Lake County’s Third District Court against KalshiEX LLC and its CEO Mansour and COO Lopes Lara. Count one, pattern of unlawful activity, is a second-degree felony. Twelve other counts charge promotion of online gambling as third-degree felonies, one for each wager. A 14th count, promotion of gambling generally, is a Class A misdemeanor.

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